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Abattis press release is the top story at cannabis financial network.
I snatched up a few shares today.
I am feeling pretty good about my stocks.
tomorrow could be a nice day. PHOT will start trading again.
that is a bit of a positive for the stocks in the cannabis sector.
sector has been chewed up. we could see some bargain hunting taking place tomorrow.
these prices are just criminally low.
folks lets get ready for an exciting Friday.
I think PHOT starts trading tomorrow.
that is good news for the cannabis sector and its good news for us at ATTBF.
I am fired up already.
great post general.
general death approves this post.
well shorts saw an opportunity when they saw the sector index in a free fall.
so they need people running away from these stocks to be able to play their game.
that aids their cause greatly.
now the sector index shows some signs of stabilization. and you are 100% correct. we stand out in this sector and Mike is proving that every single day.
so it is only a matter of time now before we start to pull away for good.
shorts may be out of fuel.
now if the buying stays sustained, shorts will have to cover at the end of the day.
interesting dynamics being played out again.
shorts launched a coordinated attack precisely 16 minutes after the market opened.
they were looking for cowards and petty penny flippers to urinate in their pants and then start running for the hills.
no cigar today. buyers are determined to outrun the sellers today.
I keep telling you folks that what we have is an artificial price at best with this stock.
we don't belong anywhere near at the current levels. we belong somewhere north of $3.
and don't be surprised if we see that in the next 20-30 days.
Mike is going to drop the hammer. I can see it coming.
all we have to do is keep taking advantage of any dips and snatch as many shares as we can afford.
and then just kick back, relax, and sip scotch.
we knew going in that these stocks are volatile. so these daily minor swings don't mean a damn thing in the long run scheme of things.
we also know this stock is going to explode within 20 days. there is great news ahead.
I have a 3-5 year planning horizon with ATTBF. this is one stock you keep for a few years.
make that $5.5 million + now general shark.
we are looking for more partnerships and acquisitions.
translation: ATTBF is going places.
they are highly legitimate and they are a viable enterprise.
that is the first thing that came to my mind:
Mike has access to big money the second he needs it for partnerships, acquisitions and the like.
you don't get that kind of privilege if you don't have a real company and if you are not highly respected.
ATTBF is a solid and a legitimate and a viable enterprise.
new press release fro Abattis:
http://marijuanaindex.org/industry-news-item/
this is an artificial price at best.
28% of the volume can be attributed to the shorts yesterday for example.
and at least 18% the day previous to that. and so on.
you know damn well what is going. shorts see a weakness in the cannabis sector so they are going after a lot of stocks.
shorts brought this price down when it should be somewhere north of $3 right now.
so the shorts and the sector wide weakness has a lot to do with this current price.
you saw the cannabis stock index in a free fall. so it is not exactly rocket science or super advanced electro molecular propulsion physics.
a lot of these stocks have been hit hard.
affirmative.
I could not agree more.
sellers overwhelmed the buyers today.
shorts started a coordinated attack. their game was almost too easy to play today as the people have been running away from cannabis stocks for 3 days in a row now.
so plenty of cowards and petty penny flippers also urinated in their pants and then ran into the hills.
shorts accomplished their objective.
its really a sector wide thing as I have suggested in my last post. the whole sector pretty much got chewed up except for a few stocks like cannabis sativa (I believe the symbol is CBDS) and GWPH.
I cant see this continue for the 4th day in a row. so some buying will pick up simply because the prices are just insanely low now. there is little less risk involved at the moment.
so the time is right to do some bargain hunting.
ATTBF simply did not have sufficient buying today as it did yesterday. volume was light yesterday as well but we were able to outrun the sellers yesterday.
I was not around to watch the price and volume action today so I did not add to my holdings.
my plan is just keep loading up on the Canadian companies and then just kick back and sip scotch. I like ATTBF the best in terms of the most potential. I also like medican and tweed and tilray. tilray is privately held but I will keep an eye on them.
this excessive shorting confirms my theory. shorts find it easier to go after stocks that are somewhat speculative in nature.
development stage companies are easier to go after because they don't have sterling fundamental yet.
shorting is the only reason why we have been priced as low as we have the last few weeks.
this is an artificial price at best. it really should never been this low.
unbelievable stuff. and they have deep pockets too.
one thing in our favor price wise is that the stock has been insanely and criminally low at these current levels.
so not many are going to be running to the hills when the shorts do launch their attack. their biggest weapon is deep pockets and fear.
I think buying is picking up slowly and surely as we saw yesterday. buyers did outrun the sellers but we just did not have enough buying.
petty penny flippers and shorts had the early hand yesterday morning. we caught up with them and won the race yesterday.
I am looking to load up some more myself as more funds become available later today and tomorrow. shorts are not going to get too many to run now.
companies are ready to grow and expand.
investors are willing to unleash their capital. I give you just one tiny example: it took privateer capital literally days to raise $50 mill for cannabis based investments.
100 such examples are being played out every damn week now.
people are ready. companies are ready. investors have the capital and they are ready. they want a piece of the action.
so its all systems go from everywhere except for our federal govts.
our for profit prison system has a lot to do with this also.
not a single governor has the balls to come out and speak for legalization and also reclassification.
there is only one way: kick these dumb bastards out of their offices. 54%-57% of the americans think it should be legal. 75% say it is inevitable. so why take so long doing it.
lets put it out there. control the quality. and create a million jobs in the process.
and untold millions in tax revenues for all the states.
it is pretty simple economics to me.
thanks.
you know the only thing holding this industry back is federal govts. in both countries (Canada and America). this is a $100 billion dollar industry if they just get out of the way and let it unleash.
and they are holding us back at ATTBF.
we just need to stop putting people in the public offices that are hell bent on stifling the growth of this industry. put those dumb bastards out of work.
Alaska vote is now pushed back to November. florida votes in November also.
we just need medical marijuana approved in all 50 states and we need to legalize it in more than just 2 states.
and finally we need to reclassify cannabis. it should never have been classified as a schedule I narcotic.
this inconsistency needs to be resolved: it can't be criminal at the federal level and legal at the state level.
i have read a little bit about health Canada. they are really slow and they have always been slow.
they have also encountered countless lawsuits so they are not very competent either.
i think you are right: we are going to get our hands on those licenses one way or another.
ATTBF has a clean balance sheet with little or no debt and no less than $3 mill in cash. that number may actually be higher.
ATTBF is also well respected. and equally importantly Mike does have access to big money. he is also very well respected as a leader of this company.
some big names have served on ATTBF's board. that is pretty cool too. big names usually don't align themselves with bogus or weak companies.
general shark:
what made the most impression on you about what Mike said?
what left you with an indelible impression about the company at this conference?
roughly how big was this event?
how many people would you say were present or attended the conference?
and thanks for all you do. you went out of your way to inform the board about ATTBF.
all we need is some volume and we could be seeing a lot of green tomorrow.
there was a significant drop in volume in the last 2 trading sessions but it was sector wide.
so no worries. volume could roll in tomorrow. we will just have to see how it plays out.
I am feeling good about the rest of the week.
is there any information out from health Canada as to exactly how many MMPR licenses they intend to dish out?
is there an upper limit?
is that number in the 150+ range?
we will be shaking and baking for sure once we land a couple of those licenses.
MMPR license and the controlled substance license is all we need to start making quantum leaps in this field.
the anticipation and the excitement is going to start building if it has not started already.
I know I am fired up.
Not exactly a fantastic day for the cannabis stocks--if you go by the index--- except for the few obvious ones.
Cannabis stocks traded weaker again, with 36% of the stocks rising in price. There were 4 double-digit percentage gainers and 11 double-digit percentage losers. Stocks with volume above the 30-day average was about 19%, with only one stock trading over $5mm in value. Half of the highest dollar-volume stocks rose in price. Benzinga's 420 Marijuana Index was up less than 1% to 549.
I am calling it a good day for us at ATTBF. its great to see the price find some stability and even an attempt at some base formation from which to blast off again.
think of it as mountain climbing. we have set up camp at a higher elevation.
this will continue to attract the shorts as you saw the day before yesterday when around 18% of the volume was to be attributed to the shorts.
going forward shorts may find the going a bit rough as we are due some god news soon. the anticipation will build and the new buyers are going to want in.
I will be looking to snatch up around 2000 more shares tomorrow. I find the price quite attractive.
I have a good feeling about tomorrow.
volume was light today and that did not help our cause.
we should be able to drown out the short attack with better volume and little more buying.
we had 2 days or robust activity last week so some pause was to be expected.
Cannabis stocks paused after two days of sharp gains, with 42% of the stocks rising in price. There were 7 double-digit percentage gainers and 9 double-digit percentage losers. Stocks with volume above the 30-day average was about 25%, with only two stocks trading over $5mm in value. Half of the highest dollar-volume stocks rose in price. Benzinga's 420 Marijuana Index was virtually unchanged at 546.
I still believe that ATTBF stock price is still criminally cheap.
we are all going to look back at all this in about a year and we will not believe how cheap this stock was. Tweed did well today and we are pretty much next in line.
only we have a much bigger game than tweed. we have better technology, more varied scope, better strategic sense and direction, and superb leadership.
and that will go a very long way.
shorts are done.
cowards are done.
petty penny flippers are done.
buying picking up some steam now. get ready for some fun.
we are gaining on the sellers. the race today is far from over.
sellers have taken the lead in the race today as the cowards, nonbelievers, and the petty penny flippers run for the hills.
PHOT and CANV have issues so they are a bit of a drag on the cannabis stocks today.
this price is a great opportunity to start establishing some positions in ATTBF.
general shark is right: day will come soon when you wont be able to buy this under $5.
tweed is skyrocketing today as it makes its charge to $4.
so its all good. today is nothing but a great opportunity to buy this cheap.
same here.
I think I have to do the same thing today. my plan really is to add every month regardless of the price.
I will just keep adding what I can afford.
this is not going under $1 again. more than likely we will be over $2 in a few days.
the word is out on this stock. I saw a lot of informed investors talking about ATTBF on twitter the last few days.
I am still looking for a $1.30+ close today.
and the shorts will push this up to $1.35-$1.50 today in the end.
lets see how it plays out. right now the buyers continue to outrun the sellers.
excellent post general.
all valid points and 100% spot on.
this stock is going to pull away from the pack in a matter of weeks.
I have looked at a lot of companies in this space. ATTBF is the best of the class.
this is equivalent of some form of slow torture for the shorts.
buyers continue to overwhelm the sellers and the petty chicken shit penny flippers.
so about what shorts have to look forward to is joe lunchbox to flip his 500 shares.
translation: we are going for the gold today and the shorts will have to cover in the end.
great stuff general shark.
thanks for posting that for the world to see and know.
I am so proud to be a part owner of this company as a shareholder.
I just spoke with some pot stock masters on twitter who have done very well in the cannabis stocks.
they all like what they see in ATTBF.
I have yet to find an informed person or an analyst who has anything negative to say about Abattis.
its the real deal with a massive potential. even in the very near term this stock is an easy triple from its current insanely low price of $1.19.
I firmly believe that the best way to play this one is to load the boat and then just kick back and relax.
it is too damn cheap at these current levels. risk/reward dynamic is staggering at this level.
very little risk and absolutely mind blowing rewards/gains.
affirmative.
and getting stronger with each passing day.
we are due for some awesome news soon from Abbatis.
time to shake and bake.
I meant to say that there could be a short attack at approximately 15 minutes after the market opens tomorrow.
they could try to dump 10,000-15,000 shares in order to get the cowards and the weak legs to panic.
but the buying should be strong enough tomorrow so any dip will be very short lived.
great post. that is spot on.
lot of buyer interest is going to be stimulated for any number of reasons:
1. great progress on the ground for the cannabis initiatives
2. long weekend so significant pent up demand is going to be unleashed
3. conference buzz as you have indicated which may lead to some very large buys tomorrow
4. short squeeze if the buying remains strong all day
so basically here is what is likely to happen:
shorts will launch an attack at approximately 15 after the market opens. this will get the cowards and the weak legs running to the hills. so there will be a slight dip.
I say a slight dip since the buying is likely to remain strong. smart people will take advantage of any minor dips tomorrow.
shorts will have failed at the end of the day and will try to cover and call it a day.
so we could very well approach $2 tomorrow.
now how close we get to $2 is anybody's guess. all I am saying is that people should not be surprised if we start approaching $2 at the end of the day tomorrow.
translation: it could be a good day for us in the cannabis sector tomorrow.
now if the markets tank then all bets are off but I don't expect the markets to tank tomorrow.
lets call it spring fever. markets are poised to make a little run tomorrow.
Monday is a green day for us in the cannabis sector.
get fired up tramps. we are going to see a lot of green everywhere.
its time to launch the ATTBF rocket into the orbit.
happy easter to you and your family as well winningman.
thanks cj. I appreciate your kind remarks.